Microsoft Announces Quarterly LossCategory: General News
Posted: July 19, 2012 03:19PM
Microsoft announced that it has posted its first quarterly loss as a publicly traded company. The loss is a result of an accounting adjustment related to its 2007 purchase of online ad service aQuantive for $6.3 billion. The company lost $492 million compared to earnings of $5.9 billion during the same period last year. Revenue for the quarter stood at $18.06 billion and shares closed at $31.32, an increase of 2.1%. Investors are clearly focused on the future and new editions of the Windows OS and Office productivity software.